CORAL GABLES, FL / ACCESSWIRE / February 28, 2019 / The marijuana stock market has become one of the hottest topics in the news over the course of the past few years. In regards to domestic markets, several states have led by example, in terms of how positive legalization can be on a widespread scale. States like California and Washington have helped to create a domino effect throughout the industry that has led to more and more states working to put in new legislation. Whereas in previous years, people condemned cannabis and wrote it off, nowadays, people are starting to recognize the boundless uses for cannabis, including its functionality as alternative medicine. With the increase of capital and business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to space. Leafbuyer Technologies Inc (OTC: LBUY), HEXO Corp (NYSE American: HEXO), Innovative Industrial Properties Inc (NYSE: IIPR), and Sequential Brands Group Inc (NASDAQ: SQBG) are four marijuana stocks getting a boost from today’s headlines.
Leafbuyer Technologies Inc (OTC: LBUY) is considered to be the most comprehensive online resources for information related to cannabis, as well as how to procure products currently available on the market. Through the use of its website, Leafbuyer.com, the Company has become the authority on cannabis for millions of consumers on a daily basis. Recently, we’ve seen a societal shift towards consumers feeling empowered to research their products before purchasing, and Leafbuyer recognized the responsibility it had to cannabis consumers to create an optimal resource to allow consumers to do their homework.
Leafbuyer Technologies Inc (OTC: LBUY) yesterday announced that the Company has signed up more than 50 licensed medical dispensaries within the Oklahoma market. The statement closely follows a February 12, 2019, release announcing 31 dispensary client signups.
Following this announcement, Leafbuyer Technologies Inc (OTC: LBUY)'s Chief Operating Officer, Mark Breen, commented, “competition is intense between dispensaries in Oklahoma. With over 1,000 already-issued licenses, it is important dispensaries utilize consumer acquisition platforms, like the ones Leafbuyer offers. We can help them expand their marketing channels to attract and retain loyal consumers.”
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HEXO Corp (HEXO) announced earlier this month that it has entered into a syndicated credit facility with Canadian Imperial Bank of Commerce, as Sole Bookrunner, Co-Lead Arranger and Administrative Agent and Bank of Montreal as Co-Lead Arranger and Syndication Agent. Under the terms of the credit facility, the Lenders will provide HEXO up to C$65 million of secured debt financing at a rate of interest that is expected to average in the mid-to-high 5% per annum range over its three-year term.
Per the details of the credit facility, the deal consists of a C$50 million term loan and a C$15 million revolving loan, with an uncommitted option to increase the facility by up to C$135 million, subject to the satisfaction of certain customary legal and business conditions. Both loans mature in 2022.
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Innovative Industrial Properties Inc (IIPR) announced earlier this month that its operating partnership subsidiary, IIP Operating Partnership, LP, priced a private offering of $125 million aggregate principal amount of 3.75% exchangeable senior notes due 2024. The operating partnership has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the Notes to cover over-allotments if any.
Per the details of the announcement, the operating partnership intends to use the net proceeds from this private offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
For More Information On Innovative Industrial Properties Inc, Click Here
Sequential Brands Group Inc (SQBG) made headlines today when the Company announced that, in partnership with Canopy Growth Corp, Martha Stewart has joined the Company in an advisory role to assist with developing and positioning a broad new line of product offerings across multiple categories.
Following the announcement, Bruce Linton, Canopy Growth Chairman, and co-CEO, said, “as soon as you hear the name Martha, you know exactly who we're talking about. Martha is one of a kind and I am so excited to be able to work alongside this icon to sharpen our CBD product offerings across categories from human to animal.”
For More Information On Sequential Brands Group Inc, Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 and has extended its period of coverage to January 31, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. We own 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. For previous compensation and disclaimer information, click here.
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